THE ROLE OF THE NIGERIA STOCK EXCHANGE ON THE MANUFACTURING SECTOR OF THE NIGERIAN ECONOMY

ABSTRACT
The Nigerian stock exchange (NSE) has been created to serve various functions such as offer of business guideline to top business management concerning cost of capital for the Nigerian stock exchange provides avenues for long term investment. These function credited to the stock exchange is expected to create positive effect on the general business and manufacturing sector of the Nigerian economy.However, this research work is determined to evaluate the role of stock Exchange on the manufacturing sector of the Nigerian economy especially in recent years. In carrying out the research work with the above aim in mind efforts will be made to disclose relevant findings thus drawing necessary solutions and recommendations to alleviate some anticipated problem on the Nigerian stock exchange to be disclosed during the research work.

TABLE OF CONTENTS

Cover page i

Title page ii

Approval page iii

Dedication iv

Acknowledgment v

Proposal vi

Abstract v

Table of content vi

CHAPTER ONE: INTRODUCTION

1.0 Introduction 1

1.1 Background of the study 4

1.2 Statement of the study 4

1.3 Objective of the study 5

1.4 Research question 6

1.5 Hypothesis formulation 6

1.6 Significance of the study 7

1.7 Scope of the study 8

1.8 Limitation of the study 8

1.9 Definition of terms 9

CHAPTER TWO: LITERATURE REVIEW

2.0 Literature review 10

2.1 Evolution of the stock exchange 11

2.2 Historical development of the Nigerian stock 12

2.3 General relationship of the stock exchange and the manufacturing sector of

the Nigerian economy 23

2.4 Advantage of the stock exchange as a source fund to the manufacturing

sector 34

2.5 Functions of the stock exchange in influencing the development of the

manufacturing sector 37

CHAPTER THREE: RESEARCH METHODOLOGY

3.0 Introduction to the study 43

3.1 Research design 43

3.2 Population of the study 44

3.3 Sample and sampling technique 44

3.4 Model specification 45

3.5 Sources of data collection 47

3.6 Method of data analysis 47

CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS

4.0 Introduction 48

4.1 Presentation of data 49

4.2 Analysis of data 49

4.3 Discussion of result findings 50

4.4 Policy Implication 54

4.5 Summary of findings 56

CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATION

5.1 Summary 58

5.2 Conclusion 59

5.3 Recommendation 61

Reference 63

Appendix 65